United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $867,000 in The Travelers Companies, Inc. (NYSE:TRV)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, Holdings Channel reports. The firm purchased 3,600 shares of the insurance provider’s stock, valued at approximately $867,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TRV. FMR LLC raised its position in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares in the last quarter. Raymond James Financial Inc. bought a new position in Travelers Companies during the 4th quarter worth about $138,619,000. Proficio Capital Partners LLC purchased a new position in Travelers Companies during the 4th quarter valued at about $96,012,000. Bank of Montreal Can raised its holdings in shares of Travelers Companies by 66.9% in the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after purchasing an additional 282,884 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC lifted its position in shares of Travelers Companies by 15,056.4% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock worth $57,394,000 after purchasing an additional 236,686 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TRV. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company upped their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Stock Performance

TRV opened at $259.50 on Wednesday. The firm’s fifty day simple moving average is $249.27 and its two-hundred day simple moving average is $247.54. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The company has a market cap of $58.84 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $7.01 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.